Industrial Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Battery Trends and Forecast

The future of the global industrial battery market looks promising with opportunities in the telecom & data communication, uninterruptible power supply, energy, equipment, and grid storage markets. The global industrial battery market is expected to reach an estimated $35.1 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Industrial Battery by Segment

The study includes a forecast for the global industrial battery by battery type, application, end use, and region.

Industrial Battery Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:

• Lead-Acid
• Lithium-Ion
• Others

Industrial Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Telecom & Data Communication
• Uninterruptible Power Supply
• Energy
• Equipment
• Grid Storage
• Others

Industrial Battery Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Stationary
• Motive

Industrial Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial battery companies profiled in this report include-

• EnerSys
• C&D Technologies
• Exide Industries
• GS Yuasa
• Crown Batteries

Industrial Battery Market Insights

Lucintel forecasts that lead-acid is expected to witness the highest growth over the forecast period due to its various advantages, such as lower cost, reliability, and easier maintenance.

Within this market, telecom & data communication is expected to witness the highest growth.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization and presence of key players in this region.

Features of the Global Industrial Battery Market

Market Size Estimates: Industrial battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial battery market size by battery type, application, end use, and region in terms of value ($B).

Regional Analysis: Industrial battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different battery types, applications, end uses, and regions for the industrial battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial battery market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the industrial battery market size?

Answer: The global industrial battery market is expected to reach an estimated $35.1 billion by 2030.

Q2. What is the growth forecast for industrial battery market?

Answer: The global industrial battery market is expected to grow with a CAGR of 8.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the industrial battery market?

Answer: The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.

Q4. What are the major segments for industrial battery market?

Answer: The future of the industrial battery market looks promising with opportunities in the telecom & data communication, uninterruptible power supply, energy, equipment, and grid storage markets.

Q5. Who are the key industrial battery market companies?

Answer: Some of the key industrial battery companies are as follows:

• EnerSys
• C&D Technologies
• Exide Industries
• GS Yuasa
• Crown Batteries

Q6. Which industrial battery market segment will be the largest in future?

Answer: Lucintel forecasts that lead-acid is expected to witness the highest growth over the forecast period due to its various advantages, such as lower cost, reliability, and easier maintenance.

Q7. In industrial battery market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and presence of key players in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the industrial battery market by battery type (lead-acid, lithium-ion, and others), application (telecom & data communication, uninterruptible power supply, energy, equipment, grid storage, and others), end use (stationary and motive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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